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Sentiment got a boost after US Federal Reserve's new chairperson Janet Yellen hinted at keeping the monetary policy unchanged under her leadership. Yellen said the central bank plans to continue easing its stimulus program, adding it would take a notable change in economic data for the Fed to change its plans.
The Fed must take cognizance of the turmoil in labor market, she added. Yellen expressed her discomfort about exceptionally high numbers of American citizens who can find only part-time work.
The 30-share BSE Sensex ended 74 points higher at 20,437 levels and the 50-unit Nifty added 17 points to close at 6,080 levels ahead of key macro economic data lined up ahead.
